Liquidity Injection via Central Bank Monetary Policy Instruments (June 2025)
Unit: RMB100 million
Category |
Instrument |
Injection |
Withdrawal |
Net Injection |
Required Reserve |
Adjustment of Required Reserve Ratio (RRR) |
– |
– |
– |
Central Bank Loans |
Standing Lending Facility (SLF) |
19 |
16 |
3 |
Medium-term Lending Facility (MLF) |
3,000 |
1,820 |
1,180 |
|
Pledged Supplemental Lending (PSL) |
930 |
3,930 |
-3,000 |
|
Other Structural Monetary Policy Instruments |
7,475 |
5,457 |
2,018 |
|
Open Market Operations |
Short-term Reverse Repos |
51,084 |
45,725 |
5,359 |
Outright Reverse Repos |
14,000 |
12,000 |
2,000 |
|
Government Bond Transactions |
0 |
0 |
0 |
|
Central Treasury Cash Management |
0 |
1,000 |
-1,000 |
Note:Withdrawals and injections under Pledged Supplemental Lending (PSL) and Other Structural Monetary Policy Instruments include both maturing operations and rollovers during the month.
